Blackwells Capital Activist Presentation Deck

DIVIDEND YIELD HISTORY Since 2013 WPT's Dividend Yield has Been Relatively Stable Since WPT first started trading its dividend yield has on average been around 6.2%, more than double the average dividend yield of its industrial real estate peers 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 10/30/2013 10/30/2014 BW BLACKWELLS CAPITAL илми WPT's Dividend Yield History 10/30/2015 10/30/2016 Calculations based on closing share price data from Bloomberg on 12/31/2020. NAV from wall street research consensus expectations. Source: WPT Industrial Company Filings. JP Morgan Securities LLC, Company Reports, Bloomberg. 10/30/2017 Strictly Confidential & Trade Secret 10/30/2018 10/30/2019 10/30/2020 61

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